Vol. I · Iss. 04 · The consensus wireWed, Sep 09 · 18:42 EDT● LIVE
GOVERNMENT

Where public money meets public companies

Two public records say things about a listed company that its earnings call will not: what the federal government pays it, and what it pays to be heard in Washington. Both are filed, both are free, and neither is easy to tie to a ticker. This is that tie.

A third record sits alongside them: what the people running the government trade for their own accounts. The President and Senate-confirmed appointees file those disclosures with the Office of Government Ethics, not with Congress, which is why their names never surface in a Congressional feed.

Companies are matched to contracting entities and lobbying clients by name and registered identifier, and every match is reviewed by a person before it counts. Where we have no match, we say so instead of showing a zero.

Top federal contractors

Obligations recorded on federal contract transactions over the last 12 months. An obligation is money the government has committed, which is not the same as money already paid out.

#CompanyObligated 12mSince 2024
1LOCKHEED MARTIN CORP LMT$42.9B$140.9B
2BOEING CO BA$26.8B$65.9B
3RTX Corp RTX$23.0B$34.4B
4UNITEDHEALTH GROUP INC UNH$22.4B$65.9B
5GENERAL DYNAMICS CORP GD$14.1B$36.2B
6NORTHROP GRUMMAN CORP NOC$10.4B$28.2B
7HUNTINGTON INGALLS INDUSTRIES, INC. HII$8.3B$24.5B
8Leidos Holdings, Inc. LDOS$6.4B$23.2B
9L3HARRIS TECHNOLOGIES, INC. LHX$5.9B$20.1B
10Booz Allen Hamilton Holding Corp BAH$5.4B$20.3B

Full federal contracts ranking →

Coverage from 2024-01 · updated 2026-09-09 · 48 companies covered, 2 unmatched

Top lobbying spenders

Lobbying spend in 2026 Q2, the most recent quarter most of these companies have reported. The basis column says what each number is: a company reporting its own spend and an outside firm reporting its fees are different quantities.

A row marked outside firms is a floor: we have not matched that company’s own filing, so only its lobbyists’ fees are counted and its real spend is higher.

#Company2026 Q2Basis
1LOCKHEED MARTIN CORP LMT$4.2Mown filing
2GENERAL DYNAMICS CORP GD$3.4Mown filing
3ELI LILLY & Co LLY$3.3Mown filing
4BRISTOL MYERS SQUIBB CO BMY$3.2Mown filing
5BOEING CO BA$2.8Mown filing
6Apple Inc. AAPL$2.7Mown filing
7MICROSOFT CORP MSFT$2.7Mown filing
8AMGEN INC AMGN$2.4Mown filing
9Merck & Co., Inc. MRK$2.3Mown filing
10NEXTERA ENERGY INC NEE$2.2Mown filing

Full lobbying ranking →

Coverage from 2024-01 · updated 2026-09-09 · 50 companies covered, 0 incomplete

Executive-branch trading

Stock purchases and sales the President and Senate-confirmed appointees disclosed on their own ethics filings. Amounts are the ranges the form asks for, never exact figures.

All executive-branch filers →

8 filers shown · 21,806 disclosed transactions · source oge.gov

What these numbers are not

  • A company appears only once we have matched it to a government record. An absent company usually means an unmatched name, not an absence of activity.
  • Subsidiaries file under their own names. We roll up only the entities a person has confirmed, so a parent’s total can understate the group.
  • A company’s own lobbying report already includes what it paid outside firms. Adding the two together would double count, so we never do.
  • Most executive-branch filings are released only through a records request naming the requester, so they are listed but unread. A short trade list can mean an unread filing, not a quiet year.
  • None of this is a trading signal or investment advice. It is public record, presented as public record.
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